VirturVia is a broker primarily focused on forex trading, which claims to be registered in Cyprus. However, this broker does not currently hold a valid regulatory license, and the registration and regulatory information provided on the official website cannot be verified. The broker offers traders various trading instruments, including forex, stocks, indices, precious metals, and cryptocurrencies. VirturVia's official website supports seven languages, including English and Chinese, which can provide good service to users in different regions.
Corporate Background and Regulation
VirturVia claims to be registered in Cyprus, but registration information cannot be found on relevant Cypriot websites, and information is also unavailable on other regulatory websites. VirturVia may involve certain trading risks.
If a broker is unregulated, it can lead to various risks including the security of funds, increased risk of fraudulent activities, lack of legal protection, market operations lacking transparency, and damage to the overall market reputation. In case of disputes, clients may not be able to seek legal redress.
Account Types
VirturVia offers three types of accounts for users to choose from: the Elementary account, the Medium account, and the Professional account.
These accounts differ in terms of minimum deposit, leverage ratio, and the types of tradable instruments they allow. The minimum deposits for these accounts are respectively $150, $1,000, and $10,000.
Regarding leverage, the Elementary account has a leverage of 1:100, while the other two accounts both offer a leverage of 1:500.
Trading Platform
VirturVia does not disclose detailed information about its trading platform. Forex trading usually provides popular platforms like MT4 or MT5, which support various trading tools and chart analysis features, but it is unknown which specific platforms VirturVia uses.
Trading Products
VirturVia is a company that provides financial trading services, and its product portfolio covers various financial asset classes. The broker offers clients a diverse range of trading products, including indices, stocks, metals, commodities, cryptocurrencies, and forex.
Diversified financial trading can meet the different needs of users, as each product has its own patterns and characteristics, so investors often choose to trade products they are familiar with.
Leverage
The maximum leverage offered by VirturVia is 1:500.
VirturVia's leverage settings vary according to the account type to accommodate the needs of traders at different levels. The Elementary account has a leverage of 1:100, while the other two account types are both at 1:500.
Spreads and Commissions
VirturVia has not published information related to spreads.
In the financial services industry, transparency about spreads is crucial for ensuring trading transparency. For financial brokers like VirturVia, the failure to disclose specific spread information may mean that the potential trading costs are not transparent, preventing customers from fully understanding the actual costs when evaluating and choosing broker services.
Customer Support
The company's official website provides basic contact information, including the telephone number +357 25 265880 and customer service email support@virturvia.com.
It also provides an address located in Cyprus: Georgiou Sykopetriti 11, Limassol 3021, Cyprus. However, the company's registration information appears to be false, as it cannot be found in Cyprus, which raises doubts about the credibility of the address.
VirturVia offers basic support services for clients on its official website. The contact methods provided by the broker include a telephone number and customer service email, through which clients can receive necessary help and support.
User Reviews
There have been some negative user reviews about VirturVia.
Some users question the reliability and legitimacy of VirturVia because the company fails to provide necessary legal documents to prove its legitimacy and does not offer a demo account before collaborating with its trading platform.
Regarding VirturVia's regulatory status, investors should note that the company lacks valid regulatory information, which implies higher risks when trading with it.
Conclusion
Although VirturVia, as a forex broker, claims to offer a variety of trading products including forex, metals, commodities, cryptocurrencies, stocks, and indices, and provides three different types of accounts. However, the broker lacks sufficient information on crucial aspects such as corporate background, regulatory transparency, trading platforms, spreads, and is not regulated by any financial regulatory authority. For investors considering trading with VirturVia, it is essential to conduct thorough research and risk assessment.
At present, VirturVia is labeled as "suspected of fraud" on Traderknows.
